Jan
04Is your 401(k) Advisor a Salesman or a Fiduciary? Do you know the difference?
If you are a business owner with a retirement plan, do you understand your Fiduciary Liability? Nearly all plan providers deny that they are fiduciaries. Example: “John Hancock has filed a motion to dismiss [the litigation], arguing that it is no a fiduciary…”1
If the service provider is not a fiduciary, then trustees retain all fiduciary responsibility. That means you as the business owner have full responsibility and may be sued. (You cannot hide behind the Corporate umbrella). There are currently over 1,000 lawsuits against 401(k) trustees, alleging fiduciary liability. Would you like to shift this liability to someone else?
For a no obligation and feature comparison of your existing 401(k) or defined benefit plan with our plan, please contact me.
You can also download a FREE copy of my Investors Awareness Guide right here →
1 Charters v. Hancock, Civil Action No. 07-11371-NMG, US District Court, Mass.
SECURE & CONFIDENTIAL